Fannie-Freddie Talks Focus on Finding Rivals for Mortgage Giants

Bloomberg, Dec. 15, 2017–Joe Light
A plan being developed by Republican Bob Corker of Tennessee and Democrat Mark Warner of Virginia would lower barriers to entry by removing some advantages Fannie and Freddie now possess. “If you want to eliminate too-big-to-fail, you need to have enough guarantors that you’d really let one fail in the event of a downturn,” said Mortgage Bankers Association President David Stevens.